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Property profile & analytics
OFF-MARKET
Turn key restaurants

970 3rd St Louisville, KY 40203-2216

1,245 SF 0.19 ac lot Built 1960
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US34-0257810
Property summary
AI-generated overview

This exceptional 1,245-square-foot free-standing retail building, located at 970 S 3rd St in Louisville, Kentucky, presents a unique investment opportunity. Formerly home to the beloved D. Nalley's diner for many years, this landmark property boasts a rich history and prime location within the thriving SoBro district. Built in 1960, the single-story building is zoned PD and offers ample parking at the rear. Its ideal setup for a restaurant makes it an attractive option for food and beverage businesses, but its versatile design allows for adaptation to various alternative uses. Benefitting from its proximity to both the residential areas of Old Louisville and the educational corridor (Spalding University and the University of Louisville), this property enjoys high visibility and convenient access to downtown Louisville. The building's single-tenant occupancy provides flexibility and control for the new owner or lessee. This is a rare chance to acquire a well-established property in a rapidly growing area of Louisville, offering significant potential for return on investment. The property's history as a successful neighborhood diner provides a strong foundation for future success. The ample parking is a significant advantage in a densely populated area. This property is ready for its next chapter.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 1,245 SF
Lot 0.19 ac (8,364 SF)
Zoning code C2-COMMERCIAL
APN 08029F01130000
UPID US34-0257810
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • D. Nalley's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Domino Partners LLC · 1 yrs held
Domino Partners LLC
since 2024
Last sale
$110,000
1 recorded transaction
2024
$110,000
Zoning & alternative use
C2-COMMERCIAL · Louisville, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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